Loan Comparison: 2.68% vs 6.5%
11675 Black Maple Lane, Colorado Springs, CO 80921 · 5bd/4ba · $439,000
List Price
$439,000
Assumable Rate
2.68%
Remaining Balance
$169,875
Equity Gap
$269,124
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$269,124
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 2.68% + gap loan
$2,415/moAssumed loan: $687/mo
Gap financing: $1,728/mo
$221less per month with the assumable
Your Savings on This Property
11675 Black Maple Lane, Colorado Springs · 2.68% VA vs 6.5% conventional
$221
per month
$2,647
per year
$79,397
over 30 years
$79,396
interest saved
How gap financing works: The equity gap ($269,124) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($247,174 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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